Gap between ABS and HIPS prices shrinks in SE Asia
Data from ChemOrbis Price Index shows that the gap between import ABS and HIPS prices on a CIF SEA basis has been narrowing in the past weeks in line with the relatively bigger losses recently recorded in the ABS market.
According to data, last week, the gap between the two products decreased by around $15/ton on a weekly basis, with average import ABS prices on a CIF SEA basis currently carrying a premium of around $60/ton over HIPS prices.